Home Renovation Loan
Repairs and improvements to the home you already own.
- Rates from
- 7.40%*
- Funding
- Up to 90%
- Salaried
- Up to 30 yrs
- Self-employed
- Up to 20 yrs
Quick answer: An LIC HFL home extension loan funds adding a floor, rooms or more built-up space to a house you own, from 7.40% (CIBIL 825+). LIC HFL funds up to 90% of the cost for loans up to ₹30 lakh (80% up to ₹75 lakh, 75% above), over up to 30 years for salaried and 20 years for self-employed borrowers. New and existing customers can apply.
By Vijay Arjun V (B.Pharm, PGDM): authorised LIC HFL DSA since 2002 and DME (Direct Marketing Executive) appointed by LIC HFL. Terms checked on lichousing.com on 14 October 2026.
An LIC HFL Home Extension Loan finances adding space to your existing home — an extra floor, rooms or other structural additions.
Who can apply
- Owners of an independent house
- Salaried, self-employed, professional and NRI borrowers
- New and existing LIC HFL customers
Key features
- Up to 90% of property value for loans up to ₹30 lakh
- Up to 80% for loans of ₹30–75 lakh
- Up to 75% for loans above ₹75 lakh
- Repayment up to 30 years for salaried and 20 years for self-employed applicants
- Simple documentation, quick sanction and low EMI
Loan for first-floor or second-floor construction
Adding a first floor (G+1) or a second floor to the house you own is exactly what the extension loan funds. For a floor addition in Hyderabad, LIC HFL will look for:
- Building permission for the new floor, through BuildNow (formerly TS-bPASS), GHMC or your municipality. See building permission in Telangana by plot size.
- A ground floor built as per its approved plan. Existing deviations can block the loan.
- A structural engineer’s confirmation that the existing columns and foundation can take the extra floor.
- An engineer’s or architect’s estimate for the new floor; the loan is based on it and released in stages as the work progresses.
Example: a ₹20 lakh extension loan is an EMI of about ₹15,990 over 20 years at 7.40% (our calculation); the part of the estimate the loan does not cover comes from you. Buying a plot to build afresh instead? See the plot + construction loan.
Documents to keep ready
- Ownership documents of the existing house
- Approved plan for the extension
- Cost estimate from an engineer / architect
What is the LIC HFL home extension loan interest rate?
Extension loans follow LIC HFL’s home loan rate card (loans up to ₹1 crore):
| CIBIL score | Salaried | Self-employed |
|---|---|---|
| 825 and above | 7.40% | 7.55% |
| 800–824 | 7.60% | 7.75% |
| 775–799 | 7.75% | 7.90% |
| 750–774 | 7.85% | 8.00% |
| 725–749 | 8.05% | 8.20% |
| 700–724 | 8.35% | 8.60% |
Extension loan EMI at 7.40%
| Loan | 15 years | 20 years |
|---|---|---|
| ₹20 lakh | ₹18,427 | ₹15,990 |
| ₹30 lakh | ₹27,640 | ₹23,985 |
Before you build an extra floor in Hyderabad
- Get building permission for the extension from the local authority (in Telangana, usually through BuildNow (formerly TS-bPASS), GHMC or the municipality); construction beyond the approved plan can block the loan. See deviation in property and home loans.
- Have a structural engineer confirm the existing structure can take the extra load.
- Get a detailed estimate; it decides how much LIC HFL funds.
- The loan is usually released in stages as the work progresses, after site inspection.
Building a new house on a plot instead? See the home construction loan. Repairs only? See the home renovation loan.
Source: lichousing.com home extension loan page (features, rates by CIBIL score, funding limits, term), checked 14 October 2026. EMI figures are our calculations.
How Hyderabad Home Loans helps
- We check your eligibility and confirm whether this scheme is the best fit before you apply.
- We review your documents before they go to LIC HFL, so there are fewer queries later.
- We track your file with LIC HFL through sanction and disbursement.
*Starting rate for eligible borrowers, as published by LIC HFL (updated 31 October 2026). Your rate depends on CIBIL score, loan amount, profile and LIC HFL credit policy — we confirm it before you apply.
Frequently asked questions
Yes. LIC HFL will need the approved plan for the extension along with a cost estimate.
An extension loan adds new built-up area (floors or rooms); a renovation loan covers repairs and improvements to the existing space.
Up to 30 years for salaried and 20 years for self-employed applicants, subject to age and repaying capacity.
Helpful guides
Compare
All LIC HFL loan products Other loans to consider
Home Construction Loan
Build a house on a plot you already own.
Home Loan
Buy a new, under-construction or resale flat or independent house.
Hyderabad Home Loans (Elite Financial Services) is an authorised Direct Selling Agent of LIC Housing Finance Ltd. Product names, features and rates are as published by LIC HFL; sanction, rate and terms are at LIC HFL’s sole discretion. Final eligibility is subject to lender assessment.